Australian cryptocurrency billionaire Tim Heath narrowly escaped a violent kidnapping attempt.
The assailants reportedly utilized sophisticated tactics, including GPS tracking and disposable phones, to surveil Heath’s movements leading up to the incident.
In response to the attempt, Heath has allocated 2.7 million euros towards strengthening his personal security infrastructure.
This incident underscores the persistent security risks confronting high-net-worth cryptocurrency holders globally.
It echoes previous high-profile cases involving prominent industry figures, such as Ledger co-founder David Balland.